$LKQ Corporation Completes Sale of PGW Auto Glass Business to One Equity Partners

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LKQ Corporation announced that it has completed its previously announced agreement to sell PGW Auto Glass (“PGW”), a distributor of aftermarket glass to the North American automotive sector, to One Equity Partners.

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The sale price was $362 million, subject to customary post-closing purchase price adjustments.

PGW generated almost $400 million of revenue and its EBITDA margin was approximately 10% in 2021.

Hoping that they use cash to pay down debt